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Compare TD Target 2030 Investment Grade Bond ETF (TBCJ) vs RBC Target 2031 Canadian Corporate Bond ETF (RQT) to find the best fit for your portfolio. TBCJ provides Finance, Utilities, and Telecommunications exposures, while RQT is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, TBCJ features a management fee (MER) of 0.2%, compared to 0.2% for RQT. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
TBCJ
RQT
| AuM | - | $452.95 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBCJ | - | - | - | - | - |
RQT | +0.78% | -0.51% | +0.93% | +0.50% | - | |
| Flows | TBCJ | - | - | - | - | - |
RQT | +$30 M | +$66 M | +$245 M | +$354 M | - |
TBCJ vs RQT exposure
Countries
TBCJ
Canada
76.84%
USA
17.38%
RQT
Canada
83.96%
USA
12.97%
Sectors
TBCJ
Finance
46.88%
Utilities
25.53%
Telecommunications
15.72%
Other
11.87%
RQT
Finance
59.24%
Energy
16.13%
Other
24.63%
As of October 30, 2026
Top 10 Holdings
TBCJ
TELUS, 2.05% 7oct2030, CAD
7.66%
Manulife Financial Corporation, 2.818% 13may2035, CAD
7.37%
Verizon Communications, 2.5% 16may2030, CAD
7.36%
Choice Properties REIT, 2.981% 4mar2030, CAD (N)
7.01%
Brookfield Renewable Partners, 3.38% 15jan2030, CAD (12, ABS)
6.90%
Granite REIT Holdings, 2.378% 18dec2030, CAD
6.83%
Enbridge Gas, 2.9% 1apr2030, CAD
6.47%
MetLife Global Funding I, 3.394% 9apr2030, CAD (2020-4)
6.20%
Pembina Pipeline Corporation, 3.31% 1feb2030, CAD (15)
4.44%
Ontario Power Generation, 3.215% 8apr2030, CAD (7)
4.37%
RQT
Bank of Nova Scotia, 3.61% 30jan2032, CAD
8.31%
CIBC, 3.65% 13jan2032, CAD
8.22%
Bank of Montreal, 3.539% 3mar2032, CAD
7.28%
Federation des caisses Desjardins du Quebec, 3.714% 16jul2031, CAD
6.50%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
6.22%
Goldman Sachs, 3.641% 5mar2032, CAD
6.03%
Alphabet, 3.65% 15may2031, CAD
5.24%
North West Redwater Partnership, 2.8% 1jun2031, CAD (N)
4.21%
Enbridge, 3.57% 26feb2031, CAD
3.75%
Toronto-Dominion Bank, 3.857% 7apr2032, CAD
3.27%
Diversification
TBCJ
Total weight of top 10 holdings out of 33 total
64.61%
RQT
Total weight of top 10 holdings out of 41 total
59.05%
Characteristics
Compare
TBCJ
RQT
| Provider | TD Asset Management | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 3.45% |
| Meets ESG criteria | No | No |
| Inception Date | January 14, 2025 | April 1, 2025 |
Frequently asked questions about TBCJ and RQT
How do the fees of TBCJ and RQT compare?
TBCJ has an expense ratio of 0.22%, while RQT has an expense ratio of 0.23%.
What are the top holdings of TBCJ and RQT?
TBCJ's largest holdings include TELUS, 2.05% 7oct2030, CAD, Manulife Financial Corporation, 2.818% 13may2035, CAD, and Verizon Communications, 2.5% 16may2030, CAD. RQT's top holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, CIBC, 3.65% 13jan2032, CAD, and Bank of Montreal, 3.539% 3mar2032, CAD.
Which ETF is more diversified: TBCJ or RQT?
TBCJ holds 33 securities, while RQT holds 41. On holdings count, RQT is the more diversified portfolio.
How are TBCJ and RQT managed?
TBCJ is actively managed by TD Asset Management. It does not track an index. RQT is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do TBCJ and RQT emphasize?
TBCJ is most exposed to Finance, Utilities, and Telecommunications. RQT is most exposed to Finance, Energy, and Utilities.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.

